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YOU WONT BELIEVE: 5 - You Need To See This

China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

Bangkok Post

CEO of JD Logistics Steps Down for ‘Health Reasons’

Yu Yui, a JD.com veteran of 15 years, handed his roles over to Hu Wei on Monday, the company says

Caixin Global

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags

Shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies

The Independent UK

From analysis to the latest developments in health,
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Consumption soft even amid deep discounts during major China shopping festival, analysts say

Chinese consumers have been snapping up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slash prices, but analysts say that consumer confidence still remains weak as China re-emerges from the pandemic

The Independent UK

Chinese E-Commerce Companies Undercut by Weak Chinese Economy and Increased Competition

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

Barchart

Competition and Weak Chinese Recovery Weigh on JD.com

JD.com (JD ), one of China’s largest online retailers, is struggling this year after rallying to an 8-month high in January. The stock price has fallen nearly -47% from January’s peak on disappointment about China’s uneven recovery from the pandemic and increased competition from other Chinese online retailers. After more...

Barchart

Strength in Chipmakers Pushes Tech Stocks and the Overall Market Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.95%. U.S. stock indexes this morning are moderately higher, with...

Barchart

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China wants AI to rival ChatGPT. Censorship makes that tricky

Chinese firms including Baidu and Alibaba are racing to roll out versions of the chatbots taking tech world by storm.

Al Jazeera

Asian bourses advance but SET could see volatility

RECAP: Most Asian stock markets rose yesterday while currencies fell against a firmer US dollar, as investors awaited a key US jobs report for more clues about interest rates after mixed signals from global central banks.

Bangkok Post

Weekly Must-Read: The Vision of Singapore’s Next Prime Minister

Lawrence Wong sees himself as a ‘servant leader,’ he says. ‘My role is not just to lead, but to serve my country and my fellow citizens’

Caixin Global

Shanghai Composite Index Rose 0.9% on Wednesday

Shenzhen Component Index closed up 1.31%

Caixin Global

JD Central to end Thai operations on March 3

E-marketplace JD Central announced it will end its operations in Thailand on March 3, bringing down the curtain on its six years of operating an e-commerce business in the country.

Bangkok Post

Chinese e-retailer JD.com leaving Thailand, Indonesia

Chinese online retailer JD

The Independent UK

JD Central to end local operations in March

E-marketplace JD Central has announced it will end its operations in Thailand from March 3.

Bangkok Post

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news in one place.

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Bangkok Post

Alibaba mum on Singles Day sales

SHANGHAI: Alibaba Group has declined to reveal the final sales tally of its annual Singles Day shopping festival for the first time since it started the event in 2009, saying only that results were in line with last year.

Asharq Al-Awsat

China's Singles Day Shopping Spree Enters Final Stretch

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy. Conceived by technology giant Alibaba, the informal holiday's title riffs on a tongue-in-cheek celebration of singlehood inspired by the four…

The Independent UK

China's muted Singles' Day shopping fest expects slow growth

China's biggest online shopping festival, Singles' Day, is muted this year with sales numbers expected to grow slowly amid an uncertain economy and COVID-19

Benzinga

Things Don't Add Up Well in Used Computer Renter's IPO Bid

Key Takeaways: LX Technology, parent of Little Bear Rental, has been approved for a Hong Kong IPO, despite losing over 740 million yuan in the past three and a half years Its major early shareholders, including Tencent, Lenovo and JD.com, have started cutting their ties with the company even before…

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Benzinga

Former Retail Star Gome Hobbled by Declining Revenue, Heavy Debt

Key Takeaways: Gome’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures

Benzinga

JD.com Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on JD.com (NASDAQ:JD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Looking At JD.com's Recent Whale Trades

Benzinga

Check Out What Whales Are Doing With JD.com

A whale with a lot of money to spend has taken a noticeably bearish stance on JD.com. Looking at options history for JD.com (NASDAQ:JD) we detected 11 strange trades.

Benzinga

Brighter Times Could Beckon for JD.com after Stormy Spell

Key Takeaways: Key factors in a JD share-price rally would be the results of a U.S. regulatory review of Chinese stocks and the expected launch next year of a scheme to promote dual-currency share trading in Hong Kong A settlement in a sexual assault case against company founder Richard Liu…

Benzinga

Check Out What Whales Are Doing With JD.com

A whale with a lot of money to spend has taken a noticeably bearish stance on JD.com. Looking at options history for JD.com (NASDAQ:JD) we detected 12 strange trades.

The Guardian - UK

High-profile China #MeToo case settled in US out of court

Liu Jingyao launched civil proceedings in 2019 against retail billionaire Liu Qiangdong

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